The S&P 500 extended its winning streak to nine sessions, closing at an all-time high amid strong AI-driven momentum.
The S&P 500 closed at a record $7,599, up 0.26%, marking its ninth consecutive session of gains. The Nasdaq and Dow Jones also advanced, rising 0.42% and 0.09%, respectively, while the Russell 2000 lagged.
The rally was driven by continued enthusiasm around AI and data center investments, though some strategists warn of parallels to the 2000 dot-com bubble. Futures dipped early Tuesday on geopolitical tensions but recovered by Monday’s close.
Markets shrugged off early sell-offs tied to Iran’s threat to block the Strait of Hormuz, with tech stocks leading the rebound.